Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
$500m for Tokenized Assets on Solana
Recorded: Dec. 16, 2025 Duration: 0:37:33Space Recording
Short Summary
The launch of the Kiel tokenization regatta marks a transformative moment for Solana, with a $500 million allocation aimed at enhancing the ecosystem's tokenized assets. This initiative not only invites collaboration from asset managers but also signals a growing trend of institutional interest in blockchain investment opportunities.
Full Transcription
Music
Music
Music
Music
Music
Music
Music
Music
Music
Music
Music
Music
Music Music Music Music Music Music Music Music Music Music Music Thank you. Oh I Oh I'm going to go to the next video. Thank you. Okay, thank you everyone for joining us today. I think we're almost about to get started
here. Let me just check we've got everyone up here we need. Kian, can I just do a quick
mic check? Yep, I'm here. And Mr. Brophy.
Yeah, I guess Ben here. Hey dude.
Excellent. Okay, dude. Excellent.
Okay, let's get started then.
So, yes, thank you everyone for joining us.
We're here today to talk about something in particular around tokenized assets.
Before we get started, let's do a quick short and sharp intro for our two guests here.
We have Kian from Kiel and Ben Brophy from the Solana Foundation.
So starting with you, Ben, could you give us a quick short and sharp intro on who you are and what you're working on?
Yeah, sure. Thanks, Angus. Great to be here.
So Ben Brophy, I head up Institutional Growth at Solana Foundation for Europe.
I head up Institutional Growth at Solana Foundation for Europe.
That's covering everything from institutions, asset managers,
market infrastructure, and other such things
that I find geekily interesting.
Quick one of the sneak in here, Angus, actually,
is just a quick thank you.
So really thank you out to everyone that attended Breakpoint.
I just want to say that we had 7,000 people
from 105 different countries come to Abu Dhabi to celebrate and join and connect over their shared love and adoration and fun they can have around Solana and all the amazing things they're building.
So I just want to say thank you to everyone that was there and thank you to all those that tuned in and watched the content.
That's a really nice touch, actually.
That's a really nice touch, actually.
Having just returned from Breakpoint out in Abu Dhabi myself,
I can say it was a fantastic and unique atmosphere
that only SADA Breakpoint seems to be able to garner.
So, yeah, I can certainly connect you on that one, Ben.
And then handing over to Kian.
Kian, would you mind giving us the same, please?
Sure. Hey, everyone. My name is Kian. I'm would you mind giving us the sound please? Sure, hey everyone my name is Cian,
I am the founder of Madariki Labs which is a research and development shop that's focused
to building out Cael protocol and project so I'll lead things over there at Cael, excited to share
some news today. Excellent thank you very much. Okay so let's kick this off. As the title alludes to, we're
here to talk about $500 million for tokenized assets on Solana, what that actually means.
So when we talk about $500 million for tokenized assets on Solana, what we're actually pointing
to there is something called the Kiel tokenization regatta.
And for those who don't know, Kiel, the project that Kian is one of the lead contributors to,
announced at Solana Breakpoint just last week that they will be allocating up to $500 million into Solana native tokenized assets
by the launch of this new campaign called the Tokenization Regatta.
So I think just to give everyone some context and to kick this off,
Kian, would you mind introducing the audience to the KIO tokenization regatta?
How does it work? Who can participate? And what is the aim of this campaign?
Sure. So the tokenization regattaatta as we've been calling it,
it's sort of a more fun, more exciting name
for what is in effect a very public,
a very open request for proposals for submissions
from asset issuers and asset managers
to bring high quality tokenizations onto Solana.
And so there's a number of different things we can talk about in terms of the categories of assets that we're looking at
but really it's meant to be sort of a public moment in time to sort of rejuvenate or kickstart
tokenizations and affordably ways on solana and really get the the momentum started here um so as
you alluded to this first tranche
or what we're calling season one,
it tends to allocate first half a billion
of Kiel's overall allocation capacity.
And we split this broadly into two tracks.
Track A is for assets that are already on Solana today
or assets where those issuers can commit to delivering them
to production by 31st of March next year.
So that's really, really focused on our immediate deployment or immediate allocation of this first half a billion.
But then we're also running track B, which is focused on pipelines.
So these are more for assets that are in development, where folks are still working on some of the details or intend to bring these assets to Solana over the coming months.
So a lot of that focus there is about really understanding state of readiness
starting to see what could be coming in and tracks what might be suitable for
for subsequent seasons or tranches of allocation from Kiel.
So yeah, we've had a lot of excitement about this.
A lot of asset managers and issuers have been sort of waiting for the right opportunity to
to jump in and really catalyse the opportunity.
So that's a little bit of context on what the Regatta is.
That's fantastic. Thanks for showing that, Kian.
And then just to dive into that a little bit deeper, how exactly does this work?
When you say it's a request for a proposal what does that what does that mean
exactly who can participate in this so anyone who's sort of come from a traditional financial
background will probably be very familiar with rfps effectively it's it's when an organization
you know like keel and allocated goes to market seeking submissions or bids from those that might
be able to meet the requirements.
So typically these would be done a little bit more privately, but obviously, you know, in Kiel's case, it is an open decentralized organization. And so there's a real impetus to do this in public and do this at the open.
But also, you know, as we mentioned, a big part of this initiative is actually to sort of kickstart and really make folks aware that both Kiel and Solana are really open for business and, you know, really, really interested in
getting inbound for folks that may have been sort of in the sideline or, excuse me, sideline or
waiting for the right moment. It really is open to any and all that are in the space, either,
as you mentioned, already on Solana, already working actively and bringing a product to production, or those that may be slightly further down the track. Of course, when it comes to
actual selection, there is a very, very high bar for quality. So we really are looking for
assets with kind of full legal recourse in jurisdictions that have a very credible background.
We're looking for assets that have really robust technical infrastructure by the time we're ready
to interface with that. So that's things like really robust audit coverage, verified bills.
And of course, the kind of category of assets that we're looking at, we ultimately roll up to
a stablecoin treasury. So we aren't looking at particularly volatile assets
or directional exposures these are dollar denominated assets um low duration low volatility
um you know predictable risk adjusted yields um so um yeah it's uh you know very much an open
an open application process but but we are pretty clear
in terms of the types of assets
and the quality benchmarks
that we're looking for.
That's fantastic.
So yeah, it sounds like
very high quality Solana native assets
and that Keel is very much driving
or spearheading the,
bringing those onto Solana
in greater values and in greater numbers,
which I think the whole ecosystem will benefit from and it's clear to understand why,
but we can go a bit deeper into that, I think, later in the spaces.
Before I do, I'd like to just jump over to you, Ben,
and get from the perspective of institutional growth on Solana can you
tell us a bit about the impact you you expect something like the tokenized regatta tokenization
regatta RFP to have yeah thanks Angus yeah look I mean I think um as always I'm always taken
aback by the impact that the kill team is having is having. The humbleness at which they approach us as well is always, always fantastic to see. I think, I think we need to kind of really be a bit more bold and be a bit more forward about the impact of Kiel. I think
on why, let me just set a bit of context in my perspective that, you know, for my sins, having been the blockchain crypto space on the institutional side for over 10 years, for too long, we've often been justifying the growth of or adoption of on-chain solutions through technology and that's great but
it doesn't and evidentially hasn't really moved us as far forward as we've wanted you know
logically we've been able to move assets we've been able to move value on chain we've been able
to do identity on chain we can do regulation on chain we do all these things on chain they're
all logically possible but i think often those that are a bit long in the tooth and been here sometimes a bit
too long are kind of a bit frustrated or maybe a bit worn out at times like why why isn't this
taking off you know what are we missing here guys is it just because institutions don't like us
don't want us don't want to participate why don't they get it you know and i think i've been in too
many light now chats where maybe i'm saying definitely sat in an echo chamber where we're talking to each other and convincing ourselves of why is it taking so long?
And I think the harsh reality of that has often been that, you know, we haven't been able to speak the right language.
We haven't been able to present the right capital.
You could say within reason in some jurisdictions, we haven't had the right regulatory wrapper and confidence to execute.
You could say within reason in some jurisdictions, we haven't had the regulatory wrapper and confidence to execute.
But my fundamental view is that, you know, if I look at the what Kiel is about to do, I think we're about to go into the next phase of tokenization.
I think you could see it igniting at breakpoint.
You know, Kiel was one of the seminal announcements there, getting everyone fired up.
Alongside, we have Bailey Gifford talking about his vision for everything will be tokenized um state street launched a money market fund on solana first uh jp morgan
doing a 50 million commercial paper i mean like tick tick tick i mean this is quite phenomenal
to see that momentum building um but what's the impact of kill the impact of kill is it arrives
as a uh treasurer of an entity that has an investment thesis.
And now those things probably sound fairly obvious, but they're not.
Actually fairly new, actually fairly radical, actually.
For too long, really, we've had a significant number of on-chain products
have been funded by foundations.
And we've participated in this as well.
We've sought to jumpstart and seed funds,
seek to promote growth of funds
and try and de-risk the launch
of more financial products by institutions.
But with all due respect,
a lot of it is artificial, okay?
Because we just want to jumpstart infrastructure, okay?
What we need is an out-and-out commercially motivated actor
that wants yield, is deeply concerned with risk,
is obsessive about liquidity.
And all those things are contained within Kiel.
You know, I am half excited and half intimidated by the impact that Kiel's going to be having
in this space.
And it's really around driving the growth, not just of a product, but of a portfolio
of products to come onto Solana.
How those products manifest within Solana DeFi.
So not just paying lip service to it, but a true pathway through to DeFi.
And also, I think maybe because I'm a bit of a finance geek, the domino effect is going to have on market infrastructure.
I think we're going to sit here this time next year and see this radical shift and maturity in
crew market infrastructure on solana across totalization custody uh fund administration
um on off ramp and maybe i'm from a bit of a finance geek i find those things genuinely exciting
but they are they're critical because this is how we scale okay and we can see that solana is perfectly positioned to
be able to best in class that infrastructure and we see that keel is perfectly positioned to be
best in class to motivate products to be deployed on the infrastructure um so yeah so just want to
maybe up the ante slightly from my perspective of where we are where we've been um i think the
output coming out of breakpoint and Kiel leading the way.
And I'm really excited about, you know,
I'm really incredibly excited about what comes next and what's come next is not
just hype.
It's about a firm that's rolling its sleeves up and doing the hard work.
And that's what Kiel is doing.
Yeah. So what I'm sort of hearing here is that, you know,
Kiel is very much unlocking something at a fundamental level for Solana
and Solana's financial ecosystem.
And, you know, with the tokenization regatta RFP in particular,
what sort of response are you seeing from from institutions there
with regards to this news and or or with regards to the the arrival of an operator such as keel
um in the space yeah no it's look it's um it's been fantastic it's been phenomenal right so
i think um i won't give you the numbers exactly, but, you know, we've got a fairly long Excel spreadsheet that we've had a glance of that shows, I think, a bow wave.
It's a slight, you know, a growing tsunami of institutions, tier one, tier two solutions.
You know, I think probably most of the top one, top 10 institutions
in the world are leaning into this.
So I'm doing a dance round this slightly, obviously,
because we can't disclose kind of who they are
and who's leaning in.
But let me give you a view of the response.
I mean, look, it was on a call on Monday
from a tier one institution
that will be a household name.
And it was asking some open questions
about tokenization on Solana.
I said, look, let me just reset this for you.
Don't talk to me.
It's great.
It's fantastic reaching out to Solana.
I just want to say, you know, we really appreciate you leaning into the ecosystem.
It's a great signal.
However, would you like me to introduce you to a corporate treasurer
that's from another foundation that has investment intent
and at the end of Q1 is going to be deploying half a yard,
they're going to be deploying $500 million.
And you can just see them blinking at you being like, I'm sorry, come again.
This was not what I was expecting from this.
That's incredible.
And the reason why is that, you know, some of the language that, you know,
Angus and Kean, what you've introduced in the star,
this is really important, which is that, you know, in and keem what you've been introducing the star this is really important which is that you know in the solano ecosystem there's 130 billion of value and go wow that
sounds awesome and it is it's awesome it's incredible it's it's a representation of years
of phenomenal work by a group of builders and a group of revenue obsessed individuals so it's
really phenomenal that we have this platform but the critical part there is how do you mobilize
that capital and how do you make that capital available
in a format that institutions can recognize?
Now, I know it sounds probably maybe a bit basic,
but it's really important because I do believe at night,
I do believe sometimes that our world and our ecosystem
at Solana and the institutions can sometimes be ships
passing each other in the night.
Okay, we both wanna talk more, we both wanna connect more, but we just sort of look at each
other going, don't really recognise what you do and you don't really recognise what I do.
So I think what Kiel has done is it's taken all its capability, all its best in breed,
all of its deep DeFi roots and turned around and really kind of helped on board institutions
because it can turn around and say it has a credible balance sheet. It has a institutional grade investment thesis. The team with Kian
at the forefront and behind him are phenomenal because they are institutional native and they
can talk their language. So what you're finding now is the level of comfort from institutions
are going, oh, hey, this isn't a conversation about blockchain anymore. This is the conversation
about an investment thesis and economics and products to match
that investment thesis.
Oh, yes, we do this every day.
This is how we pitch to our clients all the time.
So I think I just want to kind of say that these steps probably sound sometimes obvious,
but they're really quite seminal that, you know, we have an entity in Kiel that's able
to talk the language of institutions and operate like a corporate treasurer, like a TradFi corporate treasurer,
not losing its roots, though, staying true to its DeFi roots.
But institutions now, on an order of magnitude, can now interface
because they understand how to pitch products, how to engage,
and also how to build those products and take them to market.
So, yeah, so for me, like I engage, and also how to build those products and take them to market.
So yeah, so for me, like I said, having been in the grind in TradFi for too long,
it's been so exciting.
And I have such a smile on my face
and I bore my wife to tears sometimes
when I try and talk to her about how exciting this is.
And she's just like, you just sound like a massive geek.
And I'm like, I am because the institutions are coming and they're coming at scale and why because of firms like keel
no i love that ben that's you do make me laugh um uh and uh yes i i uh it certainly sounds that that
that not only the sort of arrival of keel and Solana and the sort of role that's playing, but also the launch of this tokenization regatta RFP is a bit of an inflection point for the conversation that can be had with institutions.
And what that sort of points to as well, moving forward in terms of how the market is developing
on Solana, because as you said, it's not now just a conversation about, hey, we want you
to come and build an app blockchain.
It's a conversation around, hey, this is an opportunity.
This is access to a new market.
This is access to a growing market.
This is access to capital.
And as we all know, I think this is a conversation a growing market this is access to capital um and as you know as we
all know i think um this is a conversation that probably goes down a lot better with institutions
um versus the the former yeah 100 angus the only thing to add to that and i think it's it's just
where um solana has that you know um secret source is that, you know, you pitch the economic narrative, which Kiel does.
And then people go, oh, and, you know, why Solana from a technical point of view?
And then you smile on your face, just elongates and goes, oh, cool.
You want to talk about that now? Great. Let me get some engineers, talk to your engineers.
And we'll blow your socks off around TPS, token extensions,
how secure the network is, privacy, validator networks. So all these things you can then take, you can then bring to the fore. So I just want to say as well, I just want to be deeply
respectful that it is an incredible inflection point that Kiel as part of the Slana ecosystem
is able to bring, not just capital mobilization, but also as the forefront of showing that kind of
deep deep engineering and quality of products that that you know is the underlying Solana network as
well. Yes yeah I think a great point really I'd say rounding off what is already an incredible
product in Solana and there's certainly no question of that. I'd like to just jump over to Kian as well on this particular point,
and to talk a little bit about how this RFP is affecting Solana's readiness as a, or the
assessment of Solana's readiness as an infrastructure for tokenized assets at an
institutional scale. And, you know, Kian, how do you see this process aiding that assessment in any way?
Yeah, I mean, I definitely can relate to Ben on some comments about boring his wife to tears with this stuff.
I think we're definitely all geeks here, all very excited about this.
But a lot of this really, really is in the weeds at the stage we're at currently.
I think there are a couple of things pointed to here there's the ability to
face with institutions um at the stage we're at there's a huge reliance and also being able to
understand defy and how this all plays a role in defy and you know to some extent all of the source
of capital right now as sort of exemplified by keel is coming from defy originating from defy
um and then thirdly yes at the tech right right? All of this is enabled by massive strides
that have been made in technology
on other public blockchain networks,
but culminating on Solana in the last number of years.
And none of these things are entirely solved yet.
So there is really this need to be almost fluent
in these three different domains
to really make this work and really make this work at scale.
And that's sort of the advantage that I see for organizations like Kiel,
certainly in the immediate term,
you really can't do this without all three skill sets.
But I think what's really, really interesting
is that we've been able to play a role
in having to bring those three different skill sets to the table
within our organization, but also organizations elsewhere. So to be
able to interface with asset managers and share some context with them about how Solana works
and why that's different when they're thinking about where to issue assets. And to interface
with the Solana Foundation as part of putting this RFP together to figure out what is the
type of data capture that can support them
accelerating timelines or them identifying where there are gaps in solutions that could
bring RWA's along.
And then with DeFi, organizations like Sky and Kiel are exactly that point of interface
where almost anyone in the world can indirectly get access to institutional grade assets
and investment opportunities.
So it is really exciting.
And I think part of the RFP beyond the obvious outcomes
that, you know, we and anyone running an RFP would like
to see, which is the successful placement
into high quality assets and a competitive dynamic.
Some of the big side benefits here,
as we touched on earlier are,
we're running this track B, right?
So it's not just about this initial placement,
it's about opening up this pipeline,
it's about opening up the dialogue,
it's about having a point of interface
for new asset managers and issuers
coming into the ecosystem to be able to have a conversation
with active, thoughtful allocators like ourselves,
but also have that point of contact with folks in
the South of the Nation like Ben and, you know,
other folks like within the solutions team that can help
them understand how best to bring their products to market.
There's this sort of census property almost of this RFP
as well, you know, we're having 40 plus asset managers and issuers
and tokenization platforms leaning in already.
And we expect that number to continue to rise
as the new spreads.
For many of these folks,
it may not lead to initial allocation
as part of the first season,
but we're getting a terrific view of the world
in terms of state of readiness,
in terms of how different solution providers are attacking of readiness, in terms of how different solution providers
are attacking the problem,
in terms of like the legal structures
that the market is sort of reaching consensus on.
And that really gives a terrific opportunity
at this very, very nascent point in time
to do our best to sort of get this right,
to understand what high quality tokenization looks like,
what's the good, the bad and the ugly,
where are there gaps, where could solutions be improved? Because we really, really are at very,
very early innings here. And it's important that we do this thoughtfully, we get this right.
We figured this out in a way that it doesn't blow up at any point in the tokenization stack.
And we figured out how to build us some foundations
that can scale beyond just the first dozen ETFs
to every ETF, right?
To every fund.
If we really want to see this fulfilled,
it's really crucial that we get these first steps correct.
And I think that's a big part of making such a big event
and a big moment in time from the regala, from the RFP.
Yeah, definitely. Angus, if you don't mind, I'm just going to jump off the back of what
Kian said there. And I think it's really important just to emphasise that point you said there,
Kian, about that kind of levelling up and that that impacts i think yeah as you kind of crawl
across those topics and i think i just want to kind of re-emphasize it from my perspective you
know at the moment you know without akil being there the kind of capex opex budgets that will
be wasted and it is waste right so you've got every individual firm from asset managers to
institutions to market infrastructure providers all trying to
solve common problems right and of these problems we would say sometimes aren't even commercial
differentiators um and they can be around you know legal structures they can be around
standards um they can be around like network connectivity because obviously fundamentally
it's hard don't get me wrong um you know People want to dominate and carve out real estate in
financial markets, but fundamentally, it's a network, right? It's a network effect, right?
There is always a spaghetti diagram that you have to draw out to show the network effects. So we
need multiple parties to come together, build together, scale together, connect better together.
And I think it's great to see the impact that keel is having
on that one is it can show how to build best so i think it's really seeing that i'd have to say
you know seeing in action uh gosh multiple times now over the past few weeks and months um of where
keel's drive to bring more product to market um as directly led to firms reaching out to us to say
that we need to scale we need to build better we need to level up. So I think that's why for me, I think really
interesting and super excited next year that, you know, fundamentally, we want to see more
products, we want to see those portfolio of products that Kiel is going to be driving.
But being a little bit selfish from a foundation perspective, the thing that we're just blown away
by is going to be this network effect. The impact of keel will be that the solar ecosystem is high performing better
connected better quality products um and that means that for all the counterparties they're
going to follow keel um i hope uh they send you a christmas card kian of course to say thank you
um but but it is going to be that impact that we're going to only look back in a year or two time and go like, holy, you know, SH1T.
You can see the impact that this firm has had now.
So, yeah, I just want to say that, you know, I think from a Solana perspective and an ecosystem perspective,
I think it's just important to say, you know, thank you.
And, you know, we really appreciate and I have to say to guys, the amount of late night conversations I'm having with Kian,
the wider team at times, we're hitting some speed bumps but the guys have got that builder mentality they've got that
grit and they're really powering through so it's quite phenomenal to see
indeed um there's i think that that that dovetails quite quite nicely or segues quite nicely into
into the final question that i i wanted to tackle here on this Spaces Today,
which was really around the broader impact of not only the tokenization regatta,
which as we know is just season one, it's only the first $500 million worth of Kiehl's allocation capacity, but the broader impact of growing the tokenized
asset ecosystem and seeing both significant growth in both the availability and value
of tokenized assets on the network.
So I'd like to open that one up to both of you and just see what your view
is on beyond the obvious increase in RWA TVL, what other benefits do you see for the broader Solana
ecosystem coming from this? Starting with Kian, I suppose. Yeah, I think we touched on quite a bit
of it, I think, in this sort of you know bringing about consensus opening pipelines
up in the dialogues i think these are all terrific benefits um i think the stage we're at it's you
know if everyone has the picture of why tokenize you know what is the promise of tokenization
um i think you know almost anyone who spends even just a few minutes thinking about it it
you know becomes clear when you start to think about 24 7 liquidity immediate settlement all of these amazing amazing benefits um but so so many of these are are network
effect based right they they rely on a much significant number of actors playing in this
organization space and happy to accept these assets as collateral and a much wider um universe of
those assets coming on i think all of these these benefits are really what's to come.
This is the much, much bigger promise, you know, far beyond this first season one allocation,
far, far beyond even Kiel's balance sheet in its final form.
The real promise here of tokenization is much, much, much larger.
promise here of documentization is much much much larger and I think that's sort of the real prize
And I think that's sort of the real prize.
and you know really we do very much view this as just the first step on a much broader journey but
a really crucial step to get right that's how I think about it. So I hear Keele and
and both you Keean talking about it as a catalyst So I guess that's what you're getting at with that, right?
Yeah, exactly.
It's this catalyzing force to really get the kind of momentum we need to make sure this
is done correctly and to make sure it's done correctly on Solana.
Fantastic.
And just throwing it over to you as well, Ben, anything further to add on that point?
I just, I mean, just briefly for me, I think that today we've often found that we have individual products being created and launched.
The difference with Keo is that we're seeing a portfolio of products being developed.
I think it's just such a fundamental shift. I think it's what institutions have been looking for for a while now.
You know, writing a business case and going to a product approval committee in an institution
is an incredibly painful affair. The idea now they can take an allocator of the scale and size
and ambition of Keele and now get multiple products approved is just such a material
step change in previous tempo. And for me, it's just been enjoyable watching,
heads of digital assets, heads of cash,
heads of strategic investment at tier one institutions.
And I'm so excited for Q1,
where we can start to announce some of these counterparties
more that are materially leaning into this opportunity.
I think you'll be blown away when you see the counterparties
that Key and the team are facing off to.
And they're just really grateful that there's an allocator
like Keyel at the table, creating this momentum.
So yeah, really excited to see what comes.
And look, I think the only thing to build out of this
and probably just to add is,
slightly staying humble as well.
Look, I think one of the phenomenal things
that Kiel's gonna do is gonna justify
the material scaling of Web3 Rails.
And then who's gonna come next?
Well, more allocators are gonna follow
and quite closely on their coattails.
And hopefully, like I said, send them a Christmas card
and say, thank you for the hard work.
And then what will really follow,
and again, staying humble,
will follow Tradified Corpor corporate treasurers and they are you know 10x 100x
on the investment potential of keel um but they'll need all these products
are being created so i just want to say you know what's going to be cascading
over the next one three five years is going to be a
uh tsunami of capital flowing into on-chain products
internet capital markets, Ben.
Wonderful, Angus.
Ombre, I appreciate it.
Certainly.
It is really, really interesting and encouraging to hear that sort of thesis,
direct prediction of where you expect things to go.
And it is very exciting.
It feels like a very exciting time.
It feels like a bit of an inflection point, I must say.
Although it's not necessarily obvious, right?
It's something that I think it helps to dive into.
It helps to unpack.
And with that, I think huge thanks to Ben and it helps to to unpack and uh with that i think huge thanks to to ben and huge
thanks to kian for for taking the time uh albeit quite late on the uk side uh for joining us here
um and and yeah really unpacking both you know how the tokenize tokenization um regatta uh is going
to progress from now uh through to the close of season one and what impact we expect
that to have on the Solana ecosystem and beyond. So guys, thank you so much for your time. Really
appreciate it. Everyone who's listened, I hope you've enjoyed learning about the launch of the
tokenization Regatta season one, $500 million for tokenized assets on Solana.
And for anyone who's interested in, of course, learning more or following along, feel free to
click on Kiel there. You'll see in the top of the picture and Solana, although I'm sure you're
probably already following one or both, and follow along there to keep up to date with the latest news.
Kian, Ben, cheers.
Thanks, Angus. Thanks a lot.
Cheers, Kian.
Thanks, Angus. Thank you.
Insights
Project L
P
